358 W 41ST Street

    Los Angeles (City), CA 90037
    • $849,000
    • STATUS: Active Under Contract
    • ON SITE: 147 days
    • ID#: 18365050
    Under Contract
    UPDATED: 56 min ago
    $849,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,484
      SQFT
    • $244
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    The owner of this beautiful 4-Unit apartment building on 41st Street and Broadway has operated a very clean building and has already added value to two of the four units. The seller has completed considerable renovations to both units #1 and #4 with upgrades totaling $26,000 for each unit. Those upgrades include laminate flooring throughout, granite counter tops, brand new cabinets and stainless-steel appliances. Units #2 and #3 still offer an investor the ability to add value, and later bring rents to market. With a roof that does not need to be replaced, copper plumbing throughout, brand new windows for the entire property - a new investor has the opportunity to concentrate their capital expenditure on units #2 and #3 where an increase in rents can be achieved.

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    Based on information from CARETS as of 2018-12-13T10:43:42.407. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.scvnest.com/homes/85751511

    358 W 41ST Street Los Angeles (City), CA 90037

    • Price: $849,000
    • Status: Active Under Contract
    • Updated: 56 min ago
    • ID#: 18365050
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    3,484
    SQFT
    $244
    $/SQFT
    1964
    Built
    Neighborhood:
    Downtown L.A. (C42)
    County:
    Los Angeles
    Area:
    Downtown L.A. (C42)
    Property Description
    The owner of this beautiful 4-Unit apartment building on 41st Street and Broadway has operated a very clean building and has already added value to two of the four units. The seller has completed considerable renovations to both units #1 and #4 with upgrades totaling $26,000 for each unit. Those upgrades include laminate flooring throughout, granite counter tops, brand new cabinets and stainless-steel appliances. Units #2 and #3 still offer an investor the ability to add value, and later bring rents to market. With a roof that does not need to be replaced, copper plumbing throughout, brand new windows for the entire property - a new investor has the opportunity to concentrate their capital expenditure on units #2 and #3 where an increase in rents can be achieved.
    Exterior Features

    Parking Features Gated Parking Spaces Total 6

    Interior Features

    Cooling Type Other Heating Type Other Interior Features Other Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Partially Unit Furnished04 Partially Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 2.0 Unit Number Of Bed01 2 Unit Number Of Bed02 2

    Property Features

    Adjusted Gross Income 63600.00 Assessed Improvement Value 182428.00 Assessed Land Value 70157.00 Cap Rate 5.00 Country United States Of America Expense Total Annual 22122.00 Gross Operating Income 61692.00 Gross Rent Multiplier 13.35 Hoa YN N Legal Disclosures Take Property As IsRent Control Lot Size Source Vendor Enhanced Net Operating Income 39570.00 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Vendor Enhanced Unit Monthly Rent01 1367.00 Unit Monthly Rent02 1200.00 Unit Projected Total Monthly Rent01 1700.00 Unit Projected Total Monthly Rent02 1800.00 Unit Total Monthly Rent01 1367.00 Unit Total Monthly Rent02 1200.00 Unit Type01 3 Unit Type02 1 Units Total In Complex 4 Zoning Lard2

    Listing provided courtesy of David Harrington DRE#01320460 of Matthews Real Estate Investment Services.


    Based on information from CARETS as of 2018-12-13T10:43:42.407. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
    RE/MAX of Santa Clarita
    25101 The Old Road
    Santa Clarita CA, 91381